Nifty and Bank Nifty Prediction for tomorrow 23 April
Nifty and Bank Nifty futures prediction for 23 April: Indian stock market opened negative today and later by the afternoon it erased all losses on the back of buying in the Metals, Banking, and Healthcare sectors. The markets managed to trade above their neutral lines in the afternoon session and closed in the green today.
Some relief has come after Commerce Secretary Anup Wadhawan said the country’s exports are reviving and the shipments are expected to be in the positive territory in this financial year. However, the higher side of the market remains capped as traders were worried about the virus-led restrictions will now extend beyond the bigger cities to smaller towns as cases continue to rise. The localized lockdowns and tighter restrictions are also going to take a toll on the expected GDP growth for FY22.
Meanwhile, the investments through participatory notes (P-notes) in the Indian capital market declined to Rs 89,100 crore at March-end, after hitting 33 months high levels in the previous month.
Today market updates: Sensex, Nifty, and Bank Nifty on the spot price
At the close, Nifty gained 109.75 points or 0.77 percent and closed at 14406.15 levels while Sensex was up by 374.87 points or 0.79 percent and finished at 48080.67 levels. The Bank Nifty on the spot price closed higher by 669.90 points or 2.16 percent and ended at 31782.60 levels.
The midcap and smallcap indices were closed in the green today. The Nifty midcap index gained 106.65 points or 0.46 percent and closed at 23432.65 levels. The Nifty smallcap index closed higher by 69.55 points or 0.85 percent and finished at 8216 levels.
The top five gainers in the Nifty50 index were ICICI Bank, Wipro, JSW Steel, Tata Steel, and HDFC. The top five losers in the Nifty50 index were Titan Company, Shree Cements, Tata Cons. Product, HUL, and Nestle. The most active stocks in the Nifty50 index were Tata Steel, HDFC Bank, and Wipro.
On the sectoral front, Metals, Banking, Financials, Real Estate, and Healthcare sectors higher. The sectors that closed in the red were FMCG, Consumer Durables, IT & Software, and Construction Materials.
Nifty and Bank Nifty futures price movement today, 22 April 2021
The Nifty futures price opened at 14200 made a negative opening of 96.2 points. It has touched an intraday high at 14434 and a day’s low at 14155
The Nifty futures price has given a movement of 279 points today. In the end, it gained 109.1 points or 0.76 percent and ended at 14405.30 levels.
The Bank Nifty futures price opened at 30798.50 It made a gap-down opening of 322 points today. It has touched an intraday high at 31823.75 and a day’s low at 30588.95
During the day, the Bank Nifty futures price has given a movement of 1234.8 points. In the end, it closed higher by 605.05 points or 1.94 percent and closed at 31725.60 levels.
Nifty & Bank Nifty prediction for tomorrow 23 April ( April Expiry)
Nifty futures prediction for tomorrow 23 April 2021
Primary Nifty Trend in futures: Mild Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 14450 whereas All Down Moves Initiates Short Covering (Buy) @ 14370
If the Nifty futures share price Moves Above 14452 and sustain. Then you should Buy with 1st Target of 14474 during the day with a Stop Loss of 14370 FOR the Target of 14474-14507- 14548
If the Nifty futures share price Moves Below 14370 and sustain. Then you should Sell with the 1st Target of 14330 during the day with a Stop Loss of 14452. FOR the Target of 14330- 14280 -14228
Bank Nifty futures prediction for 23 April 2021
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 32200, whereas All Down Moves Initiates Short Covering (Buy) @ 31650
Suppose Bank nifty share price in futures Moves Above 31850 and sustain, then you should Buy with the 1st Target of 32030 during the day with a Stop Loss of 31480. FOR the Target of 32030 – 32180 – 32390
If Bank nifty share price in the futures Moves Below 31480 and sustained, then you should Sell with the 1st Target of 31170 during the day with a Stop Loss of 31850. FOR the Target of 31170 – 30935 – 30540
Do you want to change your broker? PROFITMART could be the best option for you. Get Rs 20 per order with lots of other facilities. Open an account here
Global markets today
On the global fronts, Asian markets were closed mostly in the green today tracking the overnight positive cues from Wall Street. The Japanese index bounced back and gained the most after two days of losses. In the European markets, the strong earning reports by the corporates ahead of ECB’s policy meeting have created positive sentiments in the markets. The European market indices are trading near the record highs at this moment. The US futures, Dow, and Nasdaq futures are trading flat to the negative at 5 pm IST.
Conclusions
After a negative opening, the domestic market bounced back in the afternoon session and closed in the positive territory today. Traders should remain cautious as the virus is still rising and more states and cities could go for lockdown and impose restrictions in the coming days.
You can also follow our daily morning market updates report and Nifty and Bank Nifty prediction for tomorrow 23 April.
Also read, Nifty50 Stocks list | Index | Share price
Best Options Trading Books in India-Must Read 2021
If you like the post please share it with your friends and others
Happy Investing!
Editor’s Desk
Disclaimer-
Nifty50Stocks.com has taken due care and caution to compile the data for its Website. The views and investment tips expressed by investment experts on Nifty50Stocks.com are their own and not that of the website or its management. Nifty50Stocks.com is not SEBI registered Advisors and advises its users to check with certified and SEBI registered experts before taking any investment decision. However, Nifty50Stocks.com does not guarantee the accuracy, adequacy, or completeness of any information and is not responsible for any errors or omissions or the results obtained from the use of such information. Nifty50Stocks.com especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.
